Euro - English Pound Analysis

Evening Analysis for CFD Instruments 06/12/2018

Fundamental analysis

06 December, 2018

EUR/GBP was trading lower on Thursday, testing a session low of 0.88890. In UK, British Prime Minister Theresa May on Thursday urged lawmakers to back her agreement to leave the European Union, May has repeatedly warned that if lawmakers reject her deal with Brussels, which would see Britain exit the EU on March 29 with continued close ties, the only alternatives are leaving without a deal or reversing Brexit. In Europe, Italy’s ruling League party will accept only a minor reduction to next year’s budget deficit target, senior party sources said on Thursday. The European Commission has rejected Rome’s draft budget, which says the deficit will rise to 2.4 percent of gross domestic product next year from 1.8 percent this year.

Technical analysis

Euro - English Pound Analysis Technical analysis 06/12/2018
Time Frame: 1 hour

EURGBP Support & Resistance Table - 06/12/2018

Support & Resistance Level Explanation
Resistance 2 0.8950 Daily R2
Resistance 1 0.8924 Daily R1
Support 1 0.8873 Daily S1
Support 2 0.8848 Daily S2

EURGBP Indicator Table - 06/12/2018

Indicator Signal
SMA 20 Sell
SMA 50 Sell
SMA 100 Sell
MACD( 12;26;9) Neutral
RSI (14) Buy
Stochastic ( 9;6;3) Buy

EURGBP Indicator / Period Table - 06/12/2018

Indicator / Period Day - SellWeek - BuyMonth - Buy
MACD( 12;26;9) Neutral BuyBuy
RSI (14) Buy NeutralBuy
SMA 20 Sell BuyBuy

EURGBP 06/12/2018 - Reference Price : 0.8899

Sell
Simple Moving AverageBuy (0)Sell (3)
Technical Indicators - OscillatorsBuy (2)Sell (0)
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